July 06, 2007	Friday	Jamadi-us-Sani 20, 1428

KARACHI, July 5: Arif Habib Investments (AHIM) announced results for the year ended June 30, 2007 for their open-end funds, a press release by the company stated. The Pakistan Stock Market Fund’s (PSM) Net Asset Value (NAV) per unit rose from Rs84.29 to Rs109.08 over FY2007, a total return of 29.41 per cent. Net Assets as on June 30, 2007 stood at Rs3.25 billion. The PSM announced bonus distribution of Rs25 per unit, which were 29.66 per cent of the opening NAV for FY2007.

The Pakistan Capital Market Fund’s (PCM) NAV per unit rose from Rs11.53 to Rs14.59 over FY2007, a total return of 26.54 per cent. Net assets at year-end were Rs1.08 billion. Fund announced bonus of Rs3 per unit, which was 26.02 per cent on the opening NAV of FY2007.

The Pakistan International Element Islamic Fund’s (PIIF) NAV per unit rose from Rs47.73 to Rs58.89 over FY2007, a total return of 23.38 per cent. Net Assets were Rs1.07 billion. PIIF announced bonus of Rs8.75 per unit, which was 18.33 per cent of the opening NAV for FY2007.

The Pakistan Income Fund’s (PIF) NAV per unit has grown from Rs50.11 to Rs55.47 over FY2007, an annualised return of 10.70 per cent. Net Assets at close of review year were Rs9.41 billion. The PIF announced bonus of Rs5.25 per unit, which was 10.48 per cent of opening NAV for FY2007.

Total return for MetroBank Pakistan Sovereign Fund series was 8.60 per cent for MSF (12/12); 8.67 per cent for MSF (12/07) and 9.06 per cent for MSF (perpetual). Bonus for MSF series was announced at Rs2.63 per unit for MSF (12/12); Rs3.97 per unit for MSF (12/07) and Rs1.79 per unit for MSF (perpetual), which was 5.10, 7.93 and 3.99 per cent, respectively, on the basis of NAV’s at the beginning of financial year.